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Auroch Minerals Kicks Off 2020 Exploration Program

THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) has commenced its 2020 exploration program at the company’s Saints nickel project near Kalgoorlie in Western Australia.

Auroch Minerals has completed DHEM modelling for 11 diamond drill-holes it conducted at Saints in 2019, from which it has modelled strong to very strong conductive plates for the majority of the drill-holes.

Several of these strong off-hole DHEM conductors have not been tested by any drilling and are set to become drill targets for the next phase of diamond drilling, planned to commence later this quarter.

The company has received further assay results for drill-holes SNDD007 and SNDD008, which were drilled to test possible extensions to the south of the known mineralisation at Saint Andrews and the Western Contact.

SNDD007 returned encouraging results of:

6.87 metres at 0.77 per cent nickel and 0.02 per cent copper from 145m down-hole, including 1.87m at 1.47 per cent nickel and 0.03 per cent copper.

Assays are pending for the remaining three drill-holes SNDD009 to SNDD011.

“We are extremely pleased with the results from our maiden drilling programme at the Saints nickel project,” Auroch Minerals managing director Aidan Platel said in the company’s announcement to the Australian Securities Exchange.

“We have confirmed high-grade nickeliferous massive sulphides over significant widths, particularly at Saint Patricks.

“We have also intersected high-grade nickel sulphide mineralisation outside of the limits of the existing nickel resources at Saint Andrews, Saint Patricks and the Western Contact, adding to the strike of the known mineralisation.

“The results from SNDD007 have added further to the strike, and opened up the potential of further nickel sulphide mineralisation to the south of the existing resources.

“Furthermore, the DHEM surveys from our initial drilling program have provided us with several strong conductor plates that require follow-up drill-testing.

“We are currently modelling all of the new geological information provided by the drilling, in order to plan a major diamond drilling campaign that will aim to target the main ‘feeder channel’ nickel sulphide mineralisation.

“We are assaying the entire drill-holes for multi-element data to use to vector in on the possible channel position.

“We also plan to initiate an air-core drilling programme, necessary to increase confidence in the geology and stratigraphy at Saints, which again is extremely important for targeting possible massive nickel sulphide channel mineralisation.

“We have been granted the work permit for the air-core program and will commence shortly.

“We will continue to update our geological model as new data is received, which along with the DHEM models and other geophysical data, will provide the basis for a major diamond drilling program to commence later this quarter, aimed at materially increase the existing nickel sulphide resource estimate at Saints.”

In addition to the planned drilling program at Saints, Auroch indicated it has plans to initiate a drilling program this quarter at the company’s Leinster nickel project to test the Valdez target, a large EM anomaly coincident with nickeliferous ultramafics along strike from the Waterloo nickel deposit.

 

Email: admin@aurochminerals.com

Web: www.aurochminerals.com

 

THE DAILY ROADHOUSE

 

Breaker Resources Launches Bombora Drill Campaign

THE DRILL SERGEANT: Breaker Resources (ASX: BRB) has commenced a major reverse circulation (RC) and diamond drilling program designed to grow the one million-ounce Bombora Resource within the company’s Lake Roe gold project, east of Kalgoorlie in Western Australia.

Ausgold Commences RC Drilling at Katanning

THE DRILL SERGEANT: Ausgold Limited (ASX: AUC) is spending its recently-raised $2.4 million on an exploration drilling program at the company’s 100 per cent-owned Katanning gold project in Western Australia.

Auroch Minerals Historic Review Highlights Nickel Potential

THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) completed a review of historic data that it claims has confirmed thick high-grade massive nickel sulphide mineralisation at the company’s recently-acquired Leinster project in Western Australia.

Marenica Energy Widens Koppies 2 Palaeochannel

THE DRILL SERGEANT: Marenica Energy (ASX: MEY) has completed a Phase 3 reverse circulation (RC) drilling program to extend the width of the palaeochannel on the company’s Koppies tenement in Namibia, Africa.

Renascor Resources to Raise $1.4 Million to Advance Siviour Development

THE BOURSE WHISPERER: Renascor Resources (ASX: RNU) has received firm commitments to raise $1.4 million to fund the advancement of the company’s Siviour graphite project near the coast of South Australia’s Eyre Peninsula.

Auroch Minerals Historic Review Highlights Nickel Potential

THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) completed a review of historic data that it claims has confirmed thick high-grade massive nickel sulphide mineralisation at the company’s recently-acquired Leinster project in Western Australia.

Auroch Minerals said the review involved recalculation of important intersections for all historic drill-holes undertaken at the Horn prospect, several of which demonstrated thick zones of high-grade nickel sulphide mineralisation, including:

08BWDD0015
14.66 metres at 2.19 per cent nickel, 0.48 per cent copper and 0.12 per cent cobalt from 132.6m down-hole;

08BWDD0039
7m at 2.58 per cent nickel, 0.63 per cent copper and 0.14 per cent cobalt from 158.6m down-hole; and

08BWDD0074
10.8m at 2.21 per cent nickel, 0.53 per cent copper and 0.12 per cent cobalt from 143.97m down-hole.

Reviewing the modelled mineralisation in long-section at the Horn prospect demonstrated that thick high-grade nickel mineralisation occurs at relatively-shallow depths, and remains open along strike and down plunge.

Auroch had reprocessing of the high-resolution aeromagnetic data at the Leinster project completed by Southern Geoscience Consultants (SGC) that showed a strong correlation between the known nickel sulphide mineralisation and magnetic highs.

The company now has interpretation and modelling of the reprocessed data underway.

SGC has also commenced reprocessing and modelling of the large amount of down-hole electromagnetic (DHEM) data and surface moving-loop EM (MLEM) data at both the Horn and Valdez target areas of the Leinster project, in order to confirm the conductivity and location of the modelled EM plates that will be the focus of an RC drilling program to be carried out early in 2020.

“Our review of the large historical geological database from the Leinster project has demonstrated thick zones of massive nickel sulphide mineralisation within prospective ultramafic lithologies,” Auroch Minerals managing director Aidan Platel said in the company’s announcement to the Australian Securities Exchange.

“Reprocessing the detailed aeromagnetic data has provided insight into the known nickel sulphide mineralisation and hence confirmed the importance of aeromagnetic data when targeting komatiitic nickel sulphide mineralisation.

“We look forward to receiving the reprocessed EM data from SGC which will form the basis of our targeting for the RC drilling program planned for early 2020.

“The known mineralisation at the Horn provides an excellent base to build on, whilst the strong EM conductor in prospective lithologies at Valdez provides an excellent target for a potential new nickel sulphide discovery in close proximity to existing processing infrastructure.”

 

Email: admin@aurochminerals.com

Web: www.aurochminerals.com

 

THE DAILY ROADHOUSE

 

Alicanto Minerals Identifies New Targets at Wolf Mountain

THE DRILL SERGEANT: Alicanto Minerals (ASX: AQI) has identified a new regional scale hydrothermal mineralised system at the Wolf Mountain prospect within the company’s optioned Oxberg and Naverberg VMS in the Bergslagen Mining District of Southern Sweden.

Auroch Minerals Intercepts More Saints Nickel

THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) released assay results from the first six drill-holes from the first drilling program to be carried out at the company’s recently-acquired Saints nickel project, located near Kalgoorlie in Western Australia.

Carawine Resources Strike Farm-In and Joint Venture with FMG

THE BOURSE WHISPERER: Carawine Resources (ASX: CWX) has entered into a Farm-In and Joint Venture Agreement with a subsidiary of FMG Resources (ASX: FMG).

Breaker Resources Funded to Drill Bombora

THE BOURSE WHISPERER: Breaker Resources (ASX: BRB) has agreed to a non-brokered $8 million share placement to Electrum Strategic Opportunities Fund II LP, a major US-based private equity fund focused on precious metals.

Corazon Mining to Commence Drilling at Lynn Lake

THE DRILL SERGEANT: Corazon Mining (ASX: CZN) announced plans for drilling to be carried out at the company’s Lynn Lake nickel-copper-cobalt sulphide project in Manitoba, Canada.

Ardiden Identifies New Pickle Lake Gold Targets

THE DRILL SERGEANT: Ardiden Limited (ASX: ADV) has identified several priority targets for gold mineralisation at the West Pickle prospect, part of the company’s 100 per cent-owned Pickle Lake gold project in Ontario, Canada.

 

Auroch Minerals Intercepts More Saints Nickel

THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) released assay results from the first six drill-holes from the first drilling program to be carried out at the company’s recently-acquired Saints nickel project, located near Kalgoorlie in Western Australia.

Auroch Minerals said the results from semi-massive to massive sulphide mineralisation intersected in several of the diamond drillholes returned extremely high-grade nickel, particularly at the Saint Patricks target area.

The best of these came from hole SNDD006 that returned high-grade results of:

2.22 metres at 4.84 per cent nickel, 0.34 per cent copper and 0.15 per cent cobalt from 110.68m down-hole, including 0.9m at 6.01 per cent nickel, 0.31 per cent copper and 0.16 per cent cobalt.

These results followed on from recently announced high-grade results achieved in drill-hole SNDD005 of:

1.77m at 6.72 per cent nickel, 0.27 per cent copper and 0.13 per cent cobalt from 227.31m down-hole, including 0.50m at 9.98 per cent nickel, 0.24 per cent copper and 0.2 per cent cobalt.

The company reported that drill-hole SNDD003 targeted a DHEM target to the north of the existing nickel sulphide mineralisation at Saint Patricks and intersected:

1.87m at 1.09 per cent nickel, 0.08 per cent copper and 0.04 per cent cobalt from 92m down-hole, including 0.47m at 2.74 per cent nickel, 0.26 per cent copper and 0.08 per cent cobalt.

This result added approximately 30m to the strike of known nickel sulphide mineralisation at Saint Patricks, and remains open to the north.

Drill-hole SNDD002 also targeted a DHEM plate down-plunge of the existing nickel sulphide mineralisation at the Western Contact and intersected:

3.31m at 1.05 per cent nickel, 0.06 per cent copper and 0.03 per cent cobalt from 219.9m down-hole, including 1.7m at 1.48 per cent nickel, 0.1 per cent copper and 0.05 per cent cobalt, approximately 40m further down-plunge from the limit of the existing nickel sulphide resource.

“We are extremely pleased with the results from the first six drill-holes of our maiden drilling program at the Saints nickel project,” Auroch Minerals managing director Aidan Platel said in the company’s announcement to the Australian Securities Exchange.

“We have confirmed extremely high-grade nickeliferous massive sulphides over significant widths, particularly at Saint Patricks.

“We have also intersected high-grade nickel sulphide mineralisation outside of the limits of the existing nickel resource at both Saint Patricks and the Western Contact, adding to the strike of the known mineralisation.

“Importantly, the results have shown that strong DHEM conductors are consistently coincident with semi-massive and massive nickel sulphide mineralisation, thus confirming DHEM as an excellent exploration tool at Saints.

“The DHEM surveys from the first six drill-holes have all provided us with several strong conductor plates that require follow-up drill-testing.

“This initial drilling program was designed to confirm the existing nickel sulphide mineralisation and to develop new targets for a more extensive drilling program early in 2020, and the first results have shown that we have successfully achieved this.

“The drilling is ongoing with two holes (SNDD010 and SNDD011) left to complete, after which we will undertake DHEM surveys on the remaining drill-holes that were not yet surveyed.

“We also have assay results pending from drill-hole SNDD007 onwards, all of which will be announced to the market as they are received.”

Auroch has also completed down-hole electromagnetic (DHEM) surveys for the first six holes of the current drilling program with all identifying strong EM conductors.

 

Email: admin@aurochminerals.com

 

Web: www.aurochminerals.com

 

THE DAILY ROADHOUSE

 

Matador Mining to Follow High-Grade Rock Chips as Exploration Guide

THE DRILL SERGEANT: Matador Mining (ASX: MZZ) recently completed a regional soil sampling program at the company’s Cape Ray gold project in Newfoundland, Canada.

Pantoro Highlights Potential for a Large Low-Grade Gold System

THE DRILL SERGEANT: Pantoro Limited (ASX: PNR) has completed follow up drilling at the company’s Mary River gold project near Halls Creek in Western Australia.

Barra Resources Banks $1.5 Million After Raising

Barra Resources (ASX: BAR) announced the completion of a Share Purchase Plan (SPP) and concurrent Share Placement. Barra Resources said subscriptions from eligible shareholders under the SPP will result in the issue of 47,725,000 shares totalling $954,500.

Auroch Minerals Shuffles Boardroom Setting Following Chairman Resignation

THE BOURSE WHISPERER: Auroch Minerals (ASX: AOU) advised that it has given current non-executive director Edward Mason a bigger seat at the Boardroom table by appointing hm as non-executive chairman.

 

Auroch Minerals Shuffles Boardroom Setting Following Chairman Resignation

THE BOURSE WHISPERER: Auroch Minerals (ASX: AOU) advised that it has given current non-executive director Edward Mason a bigger seat at the Boardroom table by appointing hm as non-executive chairman.

Auroch Minerals said it believes Mason to have the necessary skill that will complement the next phase of development of the company, with its primary focus on the exploration of its 100 per cent-owned Saints and Leinster nickel sulphide projects.

Mason’s appointment follows the resignation of Glenn Whiddon as chairman and director of Auroch.

“On behalf of the company, I would like to thank Glenn for his commitment, support, dedication and guidance over the years and we wish him all the best in his future endeavours,” Auroch Minerals managing director Aidan Platel said in the company’s announcement to the Australian Securities Exchange.

The Auroch Board will now comprise Aidan Platel as managing director, Mason as non-executive chairman, and Chris Hansen as non-executive director.

“I have known Ed for more than 10 years in various roles in the natural resources capital markets arena in Australia and globally, and believe that together with Aidan and Chris Hansen, the company has an experienced board and senior management team to build and grow Auroch over the coming years as a base metal explorer and developer in Australia,” Glenn Whiddon said in response.

 

Web: www.aurochminerals.com

 

THE DAILY ROADHOUSE

Carawine Resources Adds New Tenements and Welcomes Rio as JV Partner

THE BOURSE WHISPERER: Carawine Resources (ASX: CWX) released an ASX double banger in regards to the company’s Paterson project in Western Australia.

Auroch Minerals Confirms High-Grade Nickel at Saints

THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) announced the first assay results to emerge from the first drilling program undertaken at the company’s recently-acquired Saints nickel project northwest of Kalgoorlie in Western Australia.

Kopore Metals Intercepts Trace Amounts of Visible Copper Mineralisation

THE DRILL SERGEANT: Kopore Metals (ASX: KMT) kept the market up to speed on exploration activities being undertaken at the company’s Kalahari Copper Belt tenement holdings in Botswana and Namibia.

Magmatic Resources Gives David Flanagan a Chair at the Boardroom Table

THE BOURSE WHISPERER: Magmatic Resources (ASX: MAG) has appointed David Flanagan to the company’s Board as an independent non-executive director.

Auroch Minerals Confirms High-Grade Nickel at Saints

THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) announced the first assay results to emerge from the first drilling program undertaken at the company’s recently-acquired Saints nickel project northwest of Kalgoorlie in Western Australia.

Auroch Minerals said the results from diamond drill-hole SNDD005 confirmed extremely high-grade nickel sulphide mineralisation, in particular high-grade nickel, including:

1.77 metres at 6.72 per cent nickel, 0.27 per cent copper and 0.13 per cent cobalt from 227.31m down-hole, including 0.50m at 9.98 per cent nickel, 0.24 per cent copper and 0.2 per cent cobalt.

The company explained the drill-hole was part of infill drilling at the Saint Patricks target area aimed at confirming the continuity of the high-grade nickel sulphide mineralisation intersected in historic drill-holes drilled by WMC in the 1990s.

Auroch claimed the intersection not only confirmed the existing mineralisation model, but the nickel grade exceeded all previous intersections.

Down-hole electromagnetic (DHEM) surveys completed last week identified a very strong EM conductor in close proximity to drill-holes SNDD001 and SNDD002 of a high conductance (over 13,000S) that Auroch identified to be typical of that caused by massive sulphide mineralisation.

The company considers the proximity of the modelled EM plate to the known high-grade nickel mineralisation on the Western Contact increases the probability that such massive sulphides may be nickel-bearing.

Auroch believes DHEM is an extremely important tool for targeting potential massive nickel sulphide mineralisation, and indicated it would be using the DHEM information gained from this program in modelling drill targets for the next phase of drilling to begin in early 2020.

“We are very encouraged by the first assay results from our maiden drilling program at the Saints nickel project,” Auroch Minerals managing director Aidan Platel said in the company’s announcement to the Australian Securities Exchange.

“The extremely high-grade of the nickeliferous massive sulphides intersected in drill-hole SNDD005 exceeded our expectations and highlight that we are in a very nickel-rich ultramafic system at Saints that is capable of hosting a major nickel sulphide deposit.

“The initial results from our DHEM surveys completed last week are also very encouraging, with a strong EM conductor on the Western Contact potentially representing extensions to the known high-grade nickel sulphide mineralisation, providing an exciting drill target that we will test as soon as practicable.

“With drilling ongoing, assay results for the first six holes pending, and further DHEM results to come, it is an exciting time for Auroch and the Saints nickel project.”

 

Email: admin@aurochminerals.com

Web: www.aurochminerals.com

 

THE DAILY ROADHOUSE

Stavely Minerals Undertaking $19.6 Million Raising

THE BOURSE WHISPERER: Stavely Minerals (ASX: SVY) is conducting a capital raising of $19.6 million by way of a share placement of 19.6 million shares at $1.00 per share.

Saturn Metals Upgrades Apollo Hill Gold Resource

THE DRILL SERGEANT: Saturn Metals (ASX: STN) has completed an updated Mineral Resource estimate for the Apollo Hill gold deposit at the company’s 100 per cent-owned Apollo Hill gold project near Leonora in the Western Australian Goldfields.

Meteoric Resources Continues Juruena Golden Run

THE DRILL SERGEANT: Meteoric Resources (ASX: MEI) announced the latest batch of assays from the company’s 100 per cent-owned Juruena gold project in Brazil.

Auroch Minerals Progresses Saints Nickel Project Drill Program

THE DRILL SERGEANT: Auroch Minerals (ASX: AOU) kept the market up to date on the progress of its maiden drilling program underway at the company’s recently-acquired Saints nickel project near Kalgoorlie in Western Australia.

Independence Group Teams up with Apollo Consolidated at Louisa Nickel Sulphide Project

THE BOURSE WHISPERER: Independence Group (ASX: IGO) has entered a farm-in and joint venture with Apollo Consolidated Limited (ASX: AOP).